Windsor News & Research Blog - Forex & CFD Market Analysis

Bears started to gain control on Wednesday after larger uptrend ran out of steam, leaving triple-Doji (Fri/Mon/Tue). Fresh weakness cracked initial support at 1.1200 (round-figure / the floor of three-day congestion, with sustained break…
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USDJPY accelerated higher on Wednesday and dented psychological 140 barrier (reinforced by falling 10DMA), the lower boundary of pivotal resistance zone at 140.00/22 (140.22 is Fibo 38.2% of 145.06/137.23 bear-leg). Fresh strength adds…
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Bears regained control on Wednesday after Tuesday’s Doji candle signaled indecision and kept the action temporarily on hold. Extension of a pullback from 0.6894 double-top (July 13/14) generated fresh negative signal on break through…
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Cable accelerated below 1.30 support in early Wednesday, following softer than expected UK inflation data for June, which should ease pressure on Bank of England to continue its cycle of sharp interest rate raising. Inflation in Britain…
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Gold price jumped to 1 ½ month high on Wednesday, mainly driven by weaker dollar on changing US rate outlook. Although US retail sales missed expectations in June (data released on Tuesday) spending remains resilient despite strong rise…
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Attempts to extend strong rally of past two days failed at pivotal Fibo barrier at 0.8599 (61.8% of 0.8657/0.8503), as probe above faced strong headwinds from thick falling daily cloud (base of the cloud lays at 0.8610). Short-lived…
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The Euro rose further in early trading on Tuesday, signaling that bulls remain fully in play, despite a double-Doji in past two days which pointed to indecision. Fresh bullish extension cracked important Fibo resistance at 1.1274 (61.8%…
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Pullback from new 2023 high (1.3141), where last week’s strong bullish acceleration was repeatedly rejected, extends into the second straight day. Strongly overbought RSI /stochastic and fading bullish momentum on daily chart,…
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Australian dollar remains firmly in red for the second consecutive day and extends pullback from multi-week tops (0.6894). Weaker than expected China’s GDP added pressure on Aussie dollar, as yuan and China stock prices fell after data.…
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Gold price remains within a narrow consolidation for the third day, despite signals of pullback after the action was repeatedly rejected at pivotal Fibo barrier at $1964 (38.2% retracement of $2080/$1892). Near-term action continues to…
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